SBI Personal Loan Interest Rates

Following are the SBI Personal Loan Interest Rate 2024 -

Here is the SBI Personal Loan interest rate-

1% higher than the Xpress Credit scheme for all applicants.

Following are the different types of personal loans from State Bank of India-

This pre-approved personal loan is also known as the SBI Yono Pre-approved Personal Loan. It is available to SBI savings account holders via the SBI YONO App. This pre-approved personal loan is also known as the SBI Yono Pre-approved Personal Loan. It is available to SBI savings account holders via the SBI YONO App.

SBI Xpress Credit is a personal lending plan available to SBI pay account holders to cover their personal needs. The amount for this loan scheme is Rs. 20 lakhs, with a tenure of 6 months to 6 years.

Pre-approved fast personal loan plan is available to select consumers 24 hours a day, seven days a week, using the SBI YONO app.

YONO app provides fully digitized 24/7 Xpress Credit personal loans with quick disbursement for government and defense wage package consumers.

It is a personal loan for all salaried individuals who do not have an SBI salary account.

The SBI Pension Loan scheme is available to central and state government retirees, defense pensioners, and family pensioners who receive their pension from SBI. These retirees might use the loan funds to meet their personal requirements.

SBI, like all other banks, has certain qualifying conditions for individuals seeking personal loans. To obtain personal loans from SBI, the consumer must meet the conditions listed below.

SBI loans are available to the following individuals:

• Salaried professionals such as doctors, CAs, CSS, architects, salaried staff in MNCs, PLCs, and government personnel. SBI also provides personal loans to defense personnel and members of the armed forces. Personal loan interest rates for government and defense personnel differ from those for private sector employees.
• The applicant's age needs to be between 21 and 65 years old.
• The monthly salary should not be less than Rs. 24,000 per month.
• The maximum loan amount available is 15 times the monthly salary.
• A minimum of 24 months of work experience is required.

A list of required documents must be presented in order for the loan application to be processed quickly. 

• Completed loan application form.
• 2 passport-sized photographs.
• Driving License/Passport/PAN/Voter ID are acceptable forms of identification.
• Income Tax PAN copy.
• Proof of Residential Address - Registered Rent Agreement/Passport/Utility Bill (up to 3 months old).
• Income proof documents - 3-month pay stubs from your present employer, 3-month bank statements indicating salary credit, EMI debit messages.

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